Whenever a specific fund is given in Balance Sheet then expenses relating to it must be deducted from the fund and income related to it , must be added .

When a Tournament Fund is created, it is usually created for a specific purpose, such as organizing a tournament. The purpose of such a fund is to account for all the income and expenses related to the tournament. The expenses incurred for the tournament activities will be subtracted or deducted from the Tournament Fund. This deduction is to accurately reflect the net amount available for the tournament after considering all the expenses.

Therefore, the correct option is (4) by way of subtracting/deducting from Tournament Fund. This method helps in evaluating the actual funds available for the tournament activities and any surplus that might remain after the expenses are accounted for.